The Munselle Group's Market Report

Rancho Mirage, CA 92270

Condos/Townhomes

Compass | www.themunsellegroup.com| 760-772-2411


Rancho Mirage, CA 92270

Sun May 24 2026
This week the median list price for Rancho Mirage, CA 92270 is $550,000 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 133. Click here to stay informed with the Rancho Mirage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Mirage, CA 92270

Sun May 24 2026
This week the median list price for Rancho Mirage, CA 92270 is $550,000 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 133. Click here to stay informed with the Rancho Mirage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $550,000
Median Price of New Listings $589,500
Per Square Foot $335
Average Days on Market 130
Median Days on Market 98
Price Decreased 44%
Price Increased 0%
Relisted 14%
Inventory 133
Median Rent
Market Action 44
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$787,000 2,259 4,500 - 6,500 sqft 3 3 43 1 4 87
$599,999 1,806 0 - 4,500 sqft 3 2 46 2 2 91
$515,000 1,600 0 - 4,500 sqft 2 2 47 0 6 98
$375,000 1,270 0 - 4,500 sqft 2 2 48 2 5 98